David Kennon Inc Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VHT	VANGUARD WORLD FD	22,537 (+2.7%)	$6,487 (+13.8%)	2.3%	$269.24	—	HEALTH CAR ETF	92204A504
IWD	ISHARES TR	7,984 (+4.4%)	$1,679 (+7.8%)	0.6%	$181.70	—	RUS 1000 VAL ETF	464287598
BKLC	BNY MELLON ETF TRUST	19,192 (+1.7%)	$2,510 (+3.6%)	0.9%	$101.92	—	US LRG CP CORE	09661T107
VWOB	VANGUARD WHITEHALL FDS	66,558 (+1.0%)	$4,488 (+1.8%)	1.6%	$57.87	—	EM MK GOV BD ETF	921946885
VNQ	VANGUARD INDEX FDS	82,207 (+4.4%)	$7,275 (+1.1%)	2.6%	$81.14	—	REAL ESTATE ETF	922908553
MGK	VANGUARD WORLD FD	1,604 (+8.2%)	$662 (+11.0%)	0.2%	$389.72	—	MEGA GRWTH IND	921910816
XBIL	RBB FD INC	9,813 (+4.9%)	$491 (+4.7%)	0.2%	$50.01	—	US TRSRY 6 MNTH	74933W460
GCOR	GOLDMAN SACHS ETF TR	93,136 (+1.1%)	$3,867 (+0.5%)	1.4%	$41.16	—	ACCESS US AGRAT	38149W101
VCSH	VANGUARD SCOTTSDALE FDS	2,785 (+5.7%)	$222 (+5.5%)	0.1%	$79.01	—	SHRT TRM CORP BD	92206C409
SHYG	ISHARES TR	89,488 (+1.1%)	$3,836 (+0.1%)	1.4%	$41.76	—	0-5YR HI YL CP	46434V407

Decreased Positions (14)

VUSB VANGUARD BD INDEX FDS 6.9%

Value ($000) $19,552 (-23.1%) Shares 392,286 (-22.9%) Est. Cost $49.43 Unrealized —

ULST SSGA ACTIVE ETF TR 1.5%

Value ($000) $4,277 (-47.9%) Shares 105,601 (-47.7%) Est. Cost $40.27 Unrealized —

VPU VANGUARD WORLD FD 2.5%

Value ($000) $7,107 (-5.0%) Shares 38,406 (-2.8%) Est. Cost $143.62 Unrealized —

VO VANGUARD INDEX FDS 3.8%

Value ($000) $10,728 (-2.2%) Shares 36,965 (-1.0%) Est. Cost $189.01 Unrealized —

SPHD INVESCO EXCH TRADED FD TR II 1.0%

Value ($000) $2,800 (-5.7%) Shares 58,344 (-2.9%) Est. Cost $39.14 Unrealized —

SPEM SPDR INDEX SHS FDS 2.6%

Value ($000) $7,234 (-2.1%) Shares 154,536 (-2.1%) Est. Cost $31.59 Unrealized —

ONEQ FIDELITY COMWLTH TR 7.5%

Value ($000) $21,063 (-0.5%) Shares 230,452 (-3.0%) Est. Cost $43.06 Unrealized —

VB VANGUARD INDEX FDS 4.3%

Value ($000) $12,215 (+0.4%) Shares 47,353 (-1.0%) Est. Cost $171.69 Unrealized —

SPBO SPDR SERIES TRUST 0.6%

Value ($000) $1,652 (-2.4%) Shares 56,305 (-1.4%) Est. Cost $27.79 Unrealized —

VOO VANGUARD INDEX FDS 24.9%

Value ($000) $70,089 (+0.0%) Shares 111,761 (-2.3%) Est. Cost $428.29 Unrealized —

AGGY WISDOMTREE TR 0.4%

Value ($000) $1,128 (-1.5%) Shares 25,614 (-1.1%) Est. Cost $42.23 Unrealized —

CEMB ISHARES INC 0.1%

Value ($000) $286 (-5.7%) Shares 6,226 (-5.0%) Est. Cost $43.63 Unrealized —

VXUS VANGUARD STAR FDS 5.7%

Value ($000) $15,903 (+0.1%) Shares 210,800 (-2.6%) Est. Cost $48.48 Unrealized —

JPM JPMORGAN CHASE & CO. 0.1%

Value ($000) $268 (-1.4%) Shares 831 (-3.5%) Est. Cost $228.03 Unrealized +35.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VUSB	VANGUARD BD INDEX FDS	392,286 (-22.9%)	$19,552 (-23.1%)	6.9%	$49.43	—	VANGUARD ULTRA	92203C303
ULST	SSGA ACTIVE ETF TR	105,601 (-47.7%)	$4,277 (-47.9%)	1.5%	$40.27	—	STATE STREET ULT	78467V707
VPU	VANGUARD WORLD FD	38,406 (-2.8%)	$7,107 (-5.0%)	2.5%	$143.62	—	UTILITIES ETF	92204A876
VO	VANGUARD INDEX FDS	36,965 (-1.0%)	$10,728 (-2.2%)	3.8%	$189.01	—	MID CAP ETF	922908629
SPHD	INVESCO EXCH TRADED FD TR II	58,344 (-2.9%)	$2,800 (-5.7%)	1.0%	$39.14	—	S&P500 HDL VOL	46138E362
SPEM	SPDR INDEX SHS FDS	154,536 (-2.1%)	$7,234 (-2.1%)	2.6%	$31.59	—	PORTFOLIO EMG MK	78463X509
ONEQ	FIDELITY COMWLTH TR	230,452 (-3.0%)	$21,063 (-0.5%)	7.5%	$43.06	—	NASDAQ COMPSIT	315912808
VB	VANGUARD INDEX FDS	47,353 (-1.0%)	$12,215 (+0.4%)	4.3%	$171.69	—	SMALL CP ETF	922908751
SPBO	SPDR SERIES TRUST	56,305 (-1.4%)	$1,652 (-2.4%)	0.6%	$27.79	—	STATE STREET SPD	78464A144
VOO	VANGUARD INDEX FDS	111,761 (-2.3%)	$70,089 (+0.0%)	24.9%	$428.29	—	S&P 500 ETF SHS	922908363
AGGY	WISDOMTREE TR	25,614 (-1.1%)	$1,128 (-1.5%)	0.4%	$42.23	—	YIELD ENHANCD US	97717X511
CEMB	ISHARES INC	6,226 (-5.0%)	$286 (-5.7%)	0.1%	$43.63	—	JP MRG EM CRP BD	464286251
VXUS	VANGUARD STAR FDS	210,800 (-2.6%)	$15,903 (+0.1%)	5.7%	$48.48	—	VG TL INTL STK F	921909768
JPM	JPMORGAN CHASE & CO.	831 (-3.5%)	$268 (-1.4%)	0.1%	$228.03	+35.7%	COM	46625H100

Unchanged Positions (12)

FIDI FIDELITY COVINGTON TRUST 3.4%

Value ($000) $9,437 Shares 364,226 Est. Cost $15.83 Unrealized —

VTI VANGUARD INDEX FDS 12.2%

Value ($000) $34,311 Shares 102,338 Est. Cost $179.47 Unrealized —

AAPL APPLE INC 0.9%

Value ($000) $2,434 Shares 8,954 Est. Cost $155.41 Unrealized +72.7%

MGC VANGUARD WORLD FD 1.1%

Value ($000) $3,001 Shares 11,947 Est. Cost $128.87 Unrealized —

PFFD GLOBAL X FDS 1.5%

Value ($000) $4,152 Shares 219,554 Est. Cost $19.99 Unrealized —

BND VANGUARD BD INDEX FDS 1.2%

Value ($000) $3,408 Shares 46,009 Est. Cost $71.35 Unrealized —

AMZN AMAZON COM INC 0.2%

Value ($000) $651 Shares 2,822 Est. Cost $127.45 Unrealized +79.5%

MSFT MICROSOFT CORP 0.1%

Value ($000) $409 Shares 845 Est. Cost $265.38 Unrealized +88.6%

IVV ISHARES TR 0.3%

Value ($000) $832 Shares 1,215 Est. Cost $492.55 Unrealized —

USHY ISHARES TR 1.4%

Value ($000) $4,018 Shares 107,443 Est. Cost $35.60 Unrealized —

SPY SPDR S&P 500 ETF TR 0.2%

Value ($000) $492 Shares 722 Est. Cost $522.76 Unrealized —

BOTZ GLOBAL X FDS 0.1%

Value ($000) $371 Shares 10,230 Est. Cost $31.81 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FIDI	FIDELITY COVINGTON TRUST	364,226	$9,437	3.4%	$15.83	—	INT HG DIV ETF	316092725
VTI	VANGUARD INDEX FDS	102,338	$34,311	12.2%	$179.47	—	TOTAL STK MKT	922908769
AAPL	APPLE INC	8,954	$2,434	0.9%	$155.41	+72.7%	COM	037833100
MGC	VANGUARD WORLD FD	11,947	$3,001	1.1%	$128.87	—	MEGA CAP INDEX	921910873
PFFD	GLOBAL X FDS	219,554	$4,152	1.5%	$19.99	—	US PFD ETF	37954Y657
BND	VANGUARD BD INDEX FDS	46,009	$3,408	1.2%	$71.35	—	TOTAL BND MRKT	921937835
AMZN	AMAZON COM INC	2,822	$651	0.2%	$127.45	+79.5%	COM	023135106
MSFT	MICROSOFT CORP	845	$409	0.1%	$265.38	+88.6%	COM	594918104
IVV	ISHARES TR	1,215	$832	0.3%	$492.55	—	CORE S&P500 ETF	464287200
USHY	ISHARES TR	107,443	$4,018	1.4%	$35.60	—	BROAD USD HIGH	46435U853
SPY	SPDR S&P 500 ETF TR	722	$492	0.2%	$522.76	—	TR UNIT	78462F103
BOTZ	GLOBAL X FDS	10,230	$371	0.1%	$31.81	—	RBTCS ARTFL INTE	37954Y715